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Market Overview
Britain to Decide Brexit Fate until Mid-April
The European Union,
according to an EU official, will most probably give Britain a chance to decide
whether to extend Brexit until 2020 by the middle of April.
The news comes ahead
of a summit to take place in Brussels on Thursday, during which Theresa May is
likely to receive an ultimatum that will give Britain “just three weeks to decide whether to gamble on
getting the current Brexit deal through British Parliament by July,” according
to Bloomberg.
If May declares that she
believes she will not be able to pull this off until July then the EU is likely
to allow for an extension into next year, but if she decides to go with the
ultimatum, then any further request for a delay is most likely to be denied. If
this scenario is to play out, then the risk of a no-deal exit in July will
probably become more of a reality.
This deadline is to be set
due to European Parliament elections and the fact that UK’s seats are being
allocated to other countries.
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